Michael Saylor’s Strategy to Offer 5 Million Shares for More Bitcoin (BTC)

Sonny S. Watts 2 weeks ago

YEREVAN (CoinChapter.com) — Strategy, led by Michael Saylor, plans to issue 5 million shares of its Series A Perpetual Strife Preferred Stock to raise capital. The company stated that the net proceeds will support working capital and the acquisition of Bitcoin, subject to market conditions.

According to the company, the stock will accumulate 10% annual dividends, with stockholders receiving payments quarterly, beginning June 30, 2025. Strategy also retains the option to buy back all outstanding shares if the total number of shares in the market drops below 25% of the initial offering.

Strategy's Proposed STRF Perpetual Preferred Stock Offering and Bitcoin Acquisition Plan. Source: Business Wire — *Strategy’s Proposed STRF Perpetual Preferred Stock Offering and Bitcoin Acquisition Plan. Source: Business Wire*

Strategy’s Smallest Bitcoin Purchase Recorded

The announcement follows Strategy’s smallest Bitcoin purchase since it began accumulating the asset. On March 17, the company purchased 130 BTC for $10.7 million, at an average price of $82,981 per BTC.

Michael Saylor Confirms Strategy's 130 BTC Purchase for $10.7M, Reaching 499,226 BTC Holdings. Source: X (@saylor) — Michael Saylor Confirms Strategy’s 130 BTC Purchase for $10.7M, Reaching 499,226 BTC Holdings. Source: X (@saylor)

Before this, the smallest Bitcoin acquisition by the company was 169 BTC in August 2024. Strategy has been accumulating Bitcoin since August 2020, consistently expanding its holdings over time.

BTC Market Faces Shift in Sentiment

Strategy continues its Bitcoin accumulation amid changing market conditions. On March 18, CryptoQuant CEO Ki Young Ju stated that the Bitcoin bull cycle has ended and predicted 6 to 12 months of sideways or bearish price action.

Ki Young Ju Predicts End of Bitcoin Bull Cycle, Expects 6–12 Months of Bearish or Sideways Movement. Source: X (@ki_young_ju) — *Ki Young Ju Predicts End of BTC Bull Cycle, Expects 6–12 Months of Bearish or Sideways Movement. Source: X (@ki_young_ju)*

Despite the recent sentiment, Strategy has not changed its approach and continues increasing its Bitcoin reserves.

Strategy’s Bitcoin Holdings Approach 500,000 BTC

With the latest purchase, Strategy and its subsidiaries now hold 499,226 BTC, acquired at an aggregate cost of $33.1 billion. The company’s average purchase price, including fees and expenses, is $66,360 per BTC.

If Strategy acquires an additional 774 BTC (approximately $64 million), its total holdings will reach 500,000 BTC, representing 2.38% of the total Bitcoin supply.

At the time of writing, MicrpStrategy’s Bitcoin holdings are valued at $41.1 billion, reflecting an unrealized profit of over $8 billion despite recent market fluctuations.